Selling a position before resolution
You don't have to hold to resolution. As long as the market is open, you can post a sell order at any price you choose and let the order book match it.
How it works
A "sell" order on a YES position is just an order to give up your YES shares in exchange for USDC at the price you set. The order goes on the book like any other; another trader takes the other side and the trade settles on-chain.
If you bought YES at 40¢ and want to lock in a profit at 65¢, post a sell at 65¢. If someone takes it, you receive 65¢ per share and the shares move to them. Their position is now what yours was.
Common reasons to exit early
- Lock in gains. The market moved your way and you'd rather take the profit now than risk the resolution.
- Cut losses. New information made you less confident. Sell at the current market and free up the capital.
- Free up margin. You want to reuse the USDC for a different trade.
What you'll pay
Same fee schedule as a buy. If your sell rests on the book and someone else takes it, you pay the maker rate. If you accept an existing bid, you pay the taker rate.
| Role | Fee | Notes |
|---|---|---|
| Maker | 0% | You posted a resting order someone else accepted. |
| Taker | 0.5% | You accepted an existing resting order. |
Some accounts and markets have negotiated rates; your effective rate is shown when you place an order.
Limitations
- You can only sell shares you actually hold. The trading panel caps your sell quantity at your current position size.
- You can't sell to yourself — see Self-trade prevention.
- Markets nearing resolution often have thin liquidity. If your sell at a specific price doesn't fill, lower the price or wait.
Versus claiming after resolution
Selling early gives you certainty now in exchange for accepting whatever the market price is. Holding to resolution gives you the full $1 if you win and $0 if you lose. Neither is universally better — it depends on how confident you are vs how the market is priced.